All About Commodity

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Oil is down Near the low Level 4 months

 

Monday, 05 November 2012

 

Crude oil is trading near the low levels in nearly four months amid worries that Greece would have difficulty securing the bailout later stages and uncertainty about the winner of the election in the u.s. tomorrow.

 

"Seidkit clarity to the medium term would be good for the market," said Eugen Weinberg, head of commodity research at Commerzbank AG in Frankfurt. "Obama is currently more was seeded by the oil market."

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U.s. Oil Contracts Stable Ahead Of The Us Election

 

Thursday, 06 January 2011

 

U.S. crude contracts remained stable at $ 85.60 per barrel early in the Asian trading session Tuesday, buoyed by gasoline fuel contracts and the tension in the Middle East, although investors remained cautious ahead of the US election will be done today.

 

U.S. crude contract for December declined 4 cents to $ 85.61 after enduring a barrel, rising in New York Monday yesterday.

 

Brent oil contract survive on $ 107.66 per barrel, after enduring the price $ 107.73 yesterday.

 

The whole attention fixed on the US presidential election, when Obama and his opponent, the Romney campaign braced for last.

 

Obama looks more support for the recovery, while the presence of additional monetary stimulus may be extinct when Romney menag, analysts said.

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Us Election Limit Price Hikes

 

Wednesday, 07 November 2012

 

Though traded higher on Tuesday, the price of crude oil remained stuck in a relatively narrow range as markets await the outcome of the U.S. presidential election. Currently the crude oil contract for delivery in December traded at a range of $ 86.30, or about 0.7% above the closing price yesterday.

 

A victory for President Barack Obama probably will keep the sustainability of monetary and fiscal policy ultra loose, which would provide support to crude oil prices, according to Commerzbank analyst. Instead, Mitt Romney's victory will encourage fiscal and monetary policy that is less expansive and increasing domestic oil production, thus potentially hit the price of crude oil.

 

In addition, the oil market also preparing themselves to deal with any possibility of a leadership transition in China, which is the world's largest oil consumer. While macro-economic picture, which help oil demand, also visible is still mixed.

 

From the side of the supply, depletion of its supply from the North Sea still overshadow the world price of crude oil. Market participants continue to await the return of giant oil well operation Buzzard. The Diperpanjangnya borehole maintenance time has removed approximately 220,000 barrels per day of crude oil supply from the market.

 

Elsewhere, the Government of southern Sudan says that it will probably come back can do oil exports in the next 6 weeks after stopping for a year, potentially increasing global oil supply of up to 350,000 barrels per day.

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Crude Oil Futures Soar After Sharp Fall

 

Thursday, 08 November 2012

 

Crude oil futures moved up since the European session Thursday, with investors covering short action following the fall of oil prices which sharp enough for more than $ 4 since the Asian session open.

 

The weakening of the oil with sharp new fears reflect the market participants that the global economy is slowing down so that the pace of oil demand could potentially weaken.

 

Observed so far U.S. crude oil price for December contracts traded strengthened 0.83%, at $ 50 per barrel, after reaching intraday highs at $ 85.39 and lowest daily level at $ 84.51.

 

If there is a weakening of the Euro further, can provide further Dollar strengthening risk and reducing the appeal of oil as an alternative asset. In addition to the data from the EIA showed yesterday that rising stock of oil reserves, a bearish signal, much less the focus of investors has shifted to the brink of fiscal problems that could potentially overload the economic growth, which also means a bearish for oil prices.

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Saudi Arabia Will Supply Crude Oil Dec To Asia Fully

 

Friday, 09 November 2012

 

Saudi Arabia, the largest producer of crude oil, will supply the crude oil volume in full to at least one buyer of crude oil from Asia in December, remains unchanged from November, said a source who knows the information is this Friday.

 

The step is expected as Saudi Arabia which leads OPEC to the majority of consumers in Asia since the end of 2009.

 

"No pruning (of supplies), and is still the same from last month," the source said, adding that buyers will make sure whether to use a tolerance he can option buyers get an extra 10% or less of the number of such additions.

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Us Consumer Sentiment Data Raise Oil Prices

 

Monday, November 12, 2012

 

Oil pushed higher on choppy trade on Friday, lifted by rising U.S. consumer sentiment and economic data in China, which responded to pressure on European debt problems and the fiscal cliff. Oil and equities on Wall Strett received a boost from the US consumer sentiment data indicate that rises to the highest level in over 5-years.

 

Meanwhile, other data showed oil inventories in September rose to the highest level in nine months. And also tedengar there is a decline in demand for oil, OPEC slightly reduce the demand outlook in 2013, outlook lowered by 10,000 barrels per day, but they also said that growth remained at risk declines, especially in the first half of next year. European debt problems and a possible slowing of growth from China and India is the source of the risk of a decrease in the growth of the world.

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Oil Skidded Over Japan Economy Grew

 

Tuesday, November 13, 2012

 

New York-oil fell for the first time in three days as European policy makers meet to discuss aid for Greece and a deterioration in Japan's economy. Oil skidded as much as 0.6%, as the euro zone finance ministers gathered in Brussels after Greece's Parliament approved the fiscal year 2013 bailout Fund to pave the way. Japan's economy experienced a contraction in the last quarter at an annual rate of 3.5%, is the highest since the earthquake and tsunami in early 2011.

 

"As long as there is no resolution to the crisis of Greece, the market will remain under pressure," said Jhon Kilduff, energy analyst at Capital LLC, New York. " Talk about kontraksinya Japan's economy amounted to 3.5% would raise concerns. This problem will have an impact on other Asian economies and its impact on consumption will be visible.

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Oil Prices Continued To Sink

 

Wednesday, November 14, 2012

 

Unlike precious metals, today (14/11) moving down oil prices in Asian markets. The International Energy Agency predicts the existence of a decrease in demand. Oil, West Texas Intermediate (WTI) was down 11 cents at $ 85.27/barrel after yesterday fell 0.2%.

 

"Conditions anxiety over Greece's debt and fiscal cliff USA continues to suppress global demand prospects," according to commodity analysts at ANZ. While the IEA stated that Iran's oil exports and production had rebounded in October and supply to the market is quite restrained. Outlook bearish oil. "

 

Brent oil was down 81 cents at $ 108.26/barrel. The price Gap between WTI and Brent narrowed almost $ 22/barrel and contraction continues, obviously Jim Ritterbusch, head of Ritterbusch & Assoc. "we expect a narrowing of up to $ 20/barrel for the short term. The weakening of the Target price at $ 81 for WTI and $ 101 for Brent, said Mr. Ritterbusch.

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Oils Reduce The Attenuation Data After The Preparation Of The EIA

 

Thursday, November 15, 2012

 

Oil managed to reduce attenuation on Thursday after reports of the Energy Information Administration (EIA) showed a rise in U.S. crude oil inventories are smaller than expectations throughout the week.

 

The U.S. supply of crude oil rose as much as 1.1 million barrels in the week ending on 9 November, lower than expectations of a rise of 2.5 million barrels from analysts. In the same time, the EIA also reported a decline of 400,000 barrels in gasoline supplies, supplies of oil distillation also slumped 2.5 million barrels.

 

Apart from the oil supply data release delayed one day following a holiday on the last Monday, the current crude oil contract for delivery in December traded in the range of $ 96.90 per barrel or about 0.35% below yesterday's closing price.

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Gaza Conflict Strengthens Oil

 

Friday, November 16, 2012

 

Oil rose on concerns over the clashes between Israel and Hamas that would escalate into a broader conflict that could jeopardize delivery of oil in the Middle East. Oil rose as much as 1.8% increased bomb attacks Israel over Gaza, meanwhile, Palestinian missiles hit the area around Jerusalem and Tel Aviv. The Prime Minister of Egypt Hisham Qandil visited Gaza yesterday and called for international efforts to end the violence. Servant's military said it had deployed tanknya near the border of Gaza and will call out the army spare.

 

"When there is shooting in the Middle East and that involves Israel, oil prices will move higher," said Mike Wittner, oil analyst at Societe Generale SA in New York. " The battle was supposed to be near the production of oil, as it will have an impact on oil prices. "

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Worried About Oil Demand Outlook

 

Monday, November 19, 2012

 

Oil prices fell in London as the outbreak sessions worries over energy demand outlook amid a slowing world economy. Us jobless claims rise and fall; the Philadelphia manufacturing index This is a signal to fragile U.S. economic recovery. The euro-zone has been officially natural recession and weak current account data sweeps suramnya outlook of the economy. However, the potential fall of the oil is still limited in the middle of the worsening conditions in the Middle East.

 

"The market is now experiencing an excess supply at a time when the demand is quite weak. Geopolitical risks can still sustain oil performance mainly to the conditions of the Middle East that is heating up, "said Andrey Kryuchenkov, analyst with VTB Capital, who predicted oil prices could slip to as low as $ 84. A Bloomberg survey also showed oil prices will weaken next week due to fears of a new outbreak of the impact of the global economic slowdown on energy demand outlook. 17 of 33 analysts Bloomberg surveyed showed oil prices will weaken.

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Was Strengthened, Oil Prices Again Eroded

 

Tuesday, November 20, 2012

 

U.S. crude contracts moved down in electronic trading Tuesday, rising sharply erode the movement while the u.s. dollar moved higher.

 

U.S. crude contract for delivery in January traded down 19 cents or about 0.2% to $ 89.08 a barrel in Globex trading during Asian session takes place.

 

The fall came after the January contract rose 2.7% to stand at $ 89.25 a barrel in the US session yesterday.

 

A technical analyst from GFT said that forecasts for demand for crude oil is still bearish, while the global economy is still able to maintain the signals of recovery ".

 

But he added that NYMEX crude contract has hit resistance in the area of the current price and trendline naturally moves up to $ 89.30 while we saw a range of resistance ...When the selling action does not appear here, this nature leads to action take-profit short term and probably also will buy new fishing action ".

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The Middle East Conflict Fly Back Oil

 

Wednesday, November 21, 2012

 

Oil rose on speculation that the conflict between the Servant and the Palestinians in Gaza would disrupt crude oil supplies from the Middle East. The price of oil rising before the report shows decline in u.s. oil inventories.

 

Oil futures rose as much as 0.8% after Egypt plans to announce a truce in the Gaza Strip yesterday, following the more aggressively the Palestinian rocket attacks and aerial Servant.

 

The American Petroleum Institute mengatakn yesterday that crude oil stockpiles dropped for the second week in the last three weeks. And a report from the Deparemen Energy reported today that oil stocks are expected to increase.

 

"Until we get further news of the situation in Palestine and Israel, traders will likely take a position to buy," said Ole Hansen, Economist at Saxo Bank a/s in an interview by phone from Copenhagen yesterday. "Rising hopes of a cease-fire in the Middle East today. But it has not really materialized. "

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Oil Rose After the ceasefire in the Gaza Strip

 

Thursday, November 22, 2012

 

Crude oil futures traded close to the highest level in the past two days in New York, amid rising fears that a ceasefire between Israel and Hamas do not occur, the more increases the risk on oil supply from the Middle East.

 

West Texas Intermediate (WTI) just a little changed after rising as much as 0.5 percent. The ceasefire was ordered yesterday by Egypt and the u.s. have halted air strikes during the last eight days that devastated the Gaza Strip and attack missiles to Tel Aviv. Trade in New York today at the close due to the Thanksgiving holiday. China's manufacturing index signals expansion for the first time in 13 months.

 

"Oil has its own movement, as people are pretty skeptical going to people's very cease-fire in the Gaza Strip," said Peterson, commodity analysts Flipp in SEB AB in Stockholm by phone. "Maybe not a lot of movement today because the U.S. was off. "

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Oil Weakened As European Officials Meeting

 

Monday, November 26, 2012

 

Oil slipped from the highest level of the three previous sessions in New York, amid fears that Spain might delay the request for a bailout, while the European financial chiefs met today to discuss additional funding for Greece.

 

Oil is down by as much as 0.6% after reaching the highest rise since Okotber last week. The Pro-independence party in Catalonia Spain won a regional voice, this event has strengthened the drive for a referendum on secession of territories that have always been at odds with the Prime Minister of Spain.

 

 

European officials gathered in Brussels today, less than a week after the meeting that discussions throughout the night, but failed to reach an agreement.

 

Oil is up on last week, because the worry would be fighting between Israel and Hamas and unrest in Egypt that will spread and disrupt oil supplies from the Middle East.

 

"This is really a bad circle," said Michael Poulsen, analyst at Global Risk Management in Middelfart, Denmark. "Geopolitical risk premium is a major problem in some time to come. "

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Oil Weakened, U.s. Oil Supply Is Expected To Increase

 

Tuesday, November 27, 2012

 

Oil is currently trading close to its lowest level in almost a week, as it is estimated that US crude oil supply will increase and offset by market keoptimisan that a new deal on aid for Greece would help resolve the European debt turmoil.

 

Only oil little changed after earlier rose as much as 0.6 percent. U.S. crude oil inventories probably rose as much as 500,000 barrels on the week, based on the results of a survey of analysts conducted by Blomberg News before the Department of energy report tomorrow. The Ministers of the European Union agreed to help Greece manage its debt load at a meeting in Brussels that lasted about 11 hours, a European Union official said today.

 

"The positive Results of Greece has been predicted," said Andrey Kryuchenkov, analyst at VTB Capital in London. " Now attention is turning to the fundamentals and they are far from ideal. "

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Oil Inventory Data Release Admits Drowning

 

Wednesday, November 28, 2012

 

Oil prices moved down today (28/11) because of fears of traders ahead of the release of u.s. oil supply data tonight. Oil supplies are forecast to be increased by 500,000 barrels this week.

 

Concern over the high number of inventory to make market-moving rangebound after last night it was reported that last week the number of rising inventories as much as nearly 2 million barrels. Analysts said oil prices also got pressure from the strengthening of the u.s. dollar against the euro despite an agreement to help Greece was approved. "The euro's inability to give a positive response to help Greece negative affect on the oil market," according to Jim Ritterbusch of Ritterbusch and Associates. Oil Nymex for January fell 5 cents to $ 87.13 on Globex. ICE Brent oil also fell 5 cents to $ 109.82.

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Comment The IAEA Undertook To Suspend The Oil

 

Thursday, November 29, 2012

 

Oil rose in London sessions over the growing hopes of a US economic recovery and the continued outbreak of concern over Iran. The leadership of the Republican party in Congress, John Boehner, and President Barack Obama will be intimated the existence of solutions to a fiscal precipice. If the us can find a solution before the end of the year then this certainly can also keep the sustainability of the recovery of the world's largest economy.

 

Concerns over Iran also supports the performance of the oil after the International Atomic Energy Agency (IAEA) point out Iran has resumed uranium enrichment process and encouraged negotiations to quell Iran's nuclear ambitions. "There are still pelung to resolve Iran's nuclear issue through diplomatic routes," said Yukiya Amano, the IAEA officials. "Now is a good time for all parties to get back to discussing the diplomatic solution over Iran's nuclear ambitions." The Nymex oil is now traded $ 121, away from the daily low level $ 86.53

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Oil prices Rose back

 

Friday, November 30, 2012

 

The price of oil to increase monthly for the first time since August, amid signs of economic growth in the u.s. and China, which is the largest crude oil consumer in the world.

 

West texas Intermediate futures little changed after it strengthened as much as 1.8% today, it is the highest increase since November 19. The price might be more stable in the next week, in the middle of talks in Washington that bertujuna to prevent tax increases and budget cuts spending (fiscal cliff) that will be started at the beginning of next year, according to a Bloomberg survey. The u.s. economy grew more than previously expected in the last quarter. The Trade Department said in Washington.

 

"What can make the price rally, the answer is the resolution on a fiscal cliff," said Torbjoern Kjus, senior analyst for oil in DNB ASA in Oslo. "There will be a compromise that was reached and it would launch a rally. I think there will be a beginning of reinforcement for this year in the oil market. "

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Despite Strengthened, Oil Still In The Pattern Of Sideways

 

Monday, December 3, 2012

 

Crude oil futures are still trading in a sideways pattern in the beginning of the week with a tendency strengthened after Chinese manufacturing data reported a rebound during the month of November which indicated the potential for perbalikan the direction of China's economy.

 

The U.S. deficit reduction negotiations however still be the deciding factor on oil futures movements. Failure to reach an agreement before the deadline of January, will trigger the world's largest oil consumer countries to the recession phase, so the uncertainty this causes oil trading conditions are more cautious.

 

From the side of the supply-demand, dwindling supply risks due to the Middle East conflict still provides a man, but anxiety still supply a chance to offset by recent news that the supply of crude oil from Sudan will go back into the market at the end of this year. The physical oil market overall still has an abundance of supply, but the optimism of economic recovery in the last few days is still a bullish sentiment fueled oil potential to dominate movements in the last month of 2011.

 

So far the observed prices of crude oil futures contract in the u.s. for December rose 0.30 percent to as low as $ 89.17 a barrel, after reaching intraday highs at $ 89.30 and its daily lowest level at $ 88.66 per barrel.

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Oil Resistant is stuck Under $ 90 Per Barrel

 

Tuesday 4 December 2012

 

After the rally the day before, crude oil futures SAG again as u.s. fiscal chasm of uncertainty can drag the pace of global oil demand up to 580,000 barrels pe rhari, or about half of the total u.s. oil demand growth of 1.2 million barrels.

 

The assumption that compiled by analysts at JPMorgan were potentially happen if Washington policy stakeholders failed hilariously agreement to avoid a fiscal abyss.

 

But the weakening of the still limited given the existence of several positive factors such as the filing of official bailout Spain amounted to 40 billion Euros as the key moment to strengthen the prospects for Monetary Union in Europe. In addition comments Germany Chancellor Angela Merkel, also managed to boost sentiment further that he still opens an opportunity to write down debts of Greece.

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U.S. Oil Reserves Dwindle

 

Wednesday, 5 December 2012

 

U.s. oil reserves is reduced by as much as 1.5 million barrels; lower than the predicted decline of 400,000 barrels and prior publication being down as much as 300,000 barrels. Oil prices are seen trying to reduce attenuation after the data was released. The Nymex oil is now traded $ 88.20, try to steer clear of a low level of daily $ 136.74

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Oil Weakened Due To The High Inventory

 

Thursday, 6 January 2011

 

Contracts of U.S. crude oil, gasoline and fuel oil heater continue to weaken data related supplies that are experiencing a surge in the us. Supplies of gasoline rose 7.2 million barrels last week, its highest in 11 years, while its derivative products, including heating oil, rose 3 million barrels, above analysts estimates of survive.

 

Contracts for the month of January was down 0.4% to $ 87.88 a barrel while January gasoline contract to drop to the low 3 weeks at $ 2.6378 per gallon.

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Oil Weak Related Supplies

 

Friday, 7 January 2011

 

US crude oil contract on the NYMEX Friday moved down lower than the decline Wednesday, with some traders which coincided with the fall of the price of the weekly inventories data related to crude oil.

 

The price has been lowly for 3 days in a row. Analysts also cite the current price movement related to weak economic forecasts from the ECB. The NYMEX crude oil contract for January fell 1.1% to $ 86.26 per barrel.

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Oil To Decline The Worst Weekly Since Early November

 

Monday, December 10, 2012

 

The U.S. employment report better than expected have fueled risky assets rally, including crude oil. The price of oil was able to return to positive territory on Friday after it was mired at the lowest level in the daily $ 123.46 a barrel. However, crude oil is still stuck in the line to the worst weekly decline since early November.

 

Currently crude oil contract for delivery in January was trading in the range of $ 86.50 per barrel or about 0.2% above the closing price yesterday.

 

Before the oil market sentiment was hit after the Bundesbank slashed Germany's economic growth projection for 2013 to be 0.4% from the previous 1.6%. Projections to the year 2012 is also their lower to 0.7% from the previous 1%.